IASB meeting summaries and observer notes

IASB March 2013

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The IASB met on 21 March 2013 to discuss a sweep issue in the redeliberations on the revised Exposure Draft Revenue from Contracts with Customers. The IASB discussed the issue of early application of the Revenue Standard for IFRS preparers.

Agenda Paper 7A—Early application of the Revenue Standard

The IASB tentatively decided to reverse its decision in February 2013 and instead permit early application of the Revenue Standard.